Examlex
A bakery bakes bread in two different ovens. Oven 1 can bake a loaf every 30 minutes. Oven 2 can bake a loaf every 15 minutes. What is the average productivity per oven?
Pollution
The contamination of the natural environment by harmful substances or energies, often resulting from human activities.
Efficient
The condition in which resources are allocated in a way that maximizes the net benefit to society or achieves an optimal outcome where no one can be made better off without making someone else worse off.
Beneficiaries
Individuals or groups that receive benefits or advantages from something, especially from a trust, insurance policy, or will.
Socially Optimal
A situation in which resources are allocated in the most efficient way from the society's point of view, maximizing total welfare.
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